Park city utah real estate

Viet Nam News HCM CITY – HCM City’s real estate market is facing several problems like multiple agencies having overlapping functions and other administrative bottlenecks, high land use fees, suspension of all build-transfer projects, and difficulty in getting credit, said Lê Hoàng Châu, chairman of the HCM City Real Estate Association at a meeting in HCM City. The meeting, which was held this week with the participation of more than 200 executives from property companies, industry groups and leaders of the People’s Committee and the Departments of Construction and Natural Resources and Environment, aimed to discuss and consider ways to resolve the latter’s difficulties. Châu said these had caused a decline in supply this year, which is expected to continue in 2019. Nguyễn Xuân Quang, chairman of Nam Long Investment Joint Stock Company, said his company was unable to proceed with a project on 8.5ha in Bình Tân … [Read more...] about City tackles real estate issues

Real estate makes up 23% of Vietnam’s FDI injection. A decade ago, FDI inflow to the real estate market only made up 10% of the total FDI in Vietnam. It later grew continuously between 2015 and 2017, compared to the non-stop decline of the 2010-2013 period. As of July 2018, the sector had held onto its spot of second place in terms of FDI attraction, with 704 valid projects worth US$56.3 billion. In Hanoi, there were nearly 5,000 apartments offered for sale from 24 projects in the third quarter of 2018, down 25% from the previous quarter, Nguyen Hoai An, Director of Professional Services at CBRE Vietnam’s Hanoi branch, told a press briefing on the capital city’s real estate market from July to September. About 4,300 units were sold, down 27%, An added. She blamed the falling sales on the “Ghost Month”, which is the seventh month in the lunar calendar. People often avoid making important decisions like home purchase during the month as it is believed … [Read more...] about Real estate makes up 23% of Vietnam’s FDI injection

Real estate makes up 23 percent of Vietnam’s FDI injection. (Photo: VNA) Hanoi (VNA) – Real estate attracts 23 percent of the total FDI injection into Vietnam in the first three quarters of 2018, property services firm CBRE Vietnam said on October 4. A decade ago, FDI inflow to the real estate market only made up 10 percent of the total FDI in Vietnam. It later grew continuously between 2015 and 2017, compared to the non-stop decline of the 2010-2013 period. As of July 2018, the sector had held onto its spot of second place in terms of FDI attraction, with 704 valid projects worth 56.3 billion USD. In Hanoi, there were nearly 5,000 apartments offered for sale from 24 projects in the third quarter of 2018, down 25 percent from the previous quarter, Nguyen Hoai An, Director of Professional Services at CBRE Vietnam’s Hanoi branch, told a press briefing on the capital city’s real estate market from July to September. About 4,300 units were sold, down 27 … [Read more...] about Real estate makes up 23 percent of Vietnam’s FDI injection

FDI flows into real estate have been very high so far this year, and a new record is expected to be set this year. According to the Ministry of Planning and Investment, US$1.255 billion has come into the sector. “The real estate market has mostly attracted FDI through M&A activities,” Nguyen Hoang, R&D director, DKRA Viet Nam, told Dau Tu (Viet Nam Investment Review) newspaper. “It is more and more popular as it can combine foreign investors’ strength in finance and experience with local enterprises’ huge lands and knowledge of the local investment process.” This year, investors are expected to start a series of projects on lands they had bought last year, such as Dai Phuoc Lotus in HCM City, which was bought by the China Fortune Land Development from investment funds: VinaLand Limited and VinaCapital Viet Nam Opportunity Fund Limited last April; Future Otis Hotel in the central city of Nha Trang by Taiwanese P.H Group; and apartment projects … [Read more...] about Real estate sector expects record FDI in 2018

At the reception (Photo: hcmcpv.org.vn) According to President Neil Robert Wilson, Sapphire Company, established in 2012 by Sakkara Corporation and the Government of Singapore Investment Corporation (GIC), works in real estate investment and development. In Vietnam, Sapphire Company has been developing over 1,000 flats and 40,000 square metres of commercial real estate, mainly in Ho Chi Minh city. He expressed his hope that the company would set up cooperation with Ho Chi Minh city’s partners in developing residential buildings and office buildings; and rebuilding old apartment buildings. “The constructions will be designed to be modern and suitable for the Vietnamese market, featuring connecting spaces with natural scenery to improve the lifestyle of communities. Appreciating the company’s achievements in the city, Secretary Nhan highlighted its outstanding projects, which he said contributed to promoting the city’s socio-economic development. He praised the … [Read more...] about Singaporean company to cooperate with Ho Chi Minh city in real estate